WTI Crude Oil - Pressure on Saudi ArabiaHi Guys,
allegations of Human Rights violations are, IMHO, playing an important strategic role for the dynamics of supply and demand and the management of oil price control.
Ellen R Wald wrote the following article published by Investing.com which I found interesting. www.investing.com
At the end of the article Ellen asks the following question:
QUOTE
"What are the short-term and long-term outlooks? There is a variety of scenarios for the oil market. As Iranian oil exports drop, prices will rise. The question, of course, is: how much? This depends on the amount of pressure the United States puts on Saudi Arabia to produce and how much Saudi Arabia resists that pressure".
UNQUOTE
To conclude, IMHO, PRESSURE = allegged Human Rights Violations
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